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<p>[QUOTE="Sallent, post: 2794092, member: 76194"]The thing about bid rigging is that it would only apply when you have a limited pool of bidders who could substantially affect the allocation of resources. In auction with hundreds of coins and thousands of bidders, bid rigging would not apply to two friends deciding they want to share a single lot. First of all, there are hundreds of other coins for others to snatch up, plus there is nothing precluding someone else from bidding higher and winning the coins.</p><p><br /></p><p>This whole thread is absurd. Some of you seem to be treating these coin auctions as if this was a contract for one building project and only three contractors in the area, and two colluded to pull resources to shut out the third. That scenario does not apply to the scenario of two friends coming together on a single lot out of hundreds in an auction open to thousands of bidders.[/QUOTE]</p><p><br /></p>
[QUOTE="Sallent, post: 2794092, member: 76194"]The thing about bid rigging is that it would only apply when you have a limited pool of bidders who could substantially affect the allocation of resources. In auction with hundreds of coins and thousands of bidders, bid rigging would not apply to two friends deciding they want to share a single lot. First of all, there are hundreds of other coins for others to snatch up, plus there is nothing precluding someone else from bidding higher and winning the coins. This whole thread is absurd. Some of you seem to be treating these coin auctions as if this was a contract for one building project and only three contractors in the area, and two colluded to pull resources to shut out the third. That scenario does not apply to the scenario of two friends coming together on a single lot out of hundreds in an auction open to thousands of bidders.[/QUOTE]
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